Global Energy Strong Balance Sheet Stocks

Liberty Energy

Market Cap: US$2.0b

Provides hydraulic fracturing services and related technologies to onshore oil and natural gas exploration, and production companies in North America.

Fjord Defence Group

Market Cap: NOK 504.8m

A defence compounder, acquires and develops companies in the defence, security, and related segments.

Lightbridge

Market Cap: US$503.8m

Engages in research, developing, and commercializing nuclear fuel.

Lubelski Wegiel Bogdanka

Market Cap: zł814.6m

Engages in the hard coal mining business in Poland.

Mesa Royalty Trust

Market Cap: US$10.2m

Owns overriding royalty interests in various oil and gas producing properties in the United States.

Synergia Energy

Market Cap: UK£3.3m

Engages in the exploration, appraisal, development, production, and sale of oil and gas.

Lapidoth-Heletz Limited Partnership

Market Cap: ₪93.4m

Engages in the exploration and production of oil and gas properties in Israel.

Metalore Resources

Market Cap: CA$4.3m

A junior resource company, engages in the natural gas production and gold exploration in Canada.

Reliance Industries

Market Cap: ₹18.6t

Engages in the hydrocarbon exploration and production, oil and chemicals, retail, and digital service businesses worldwide.

Imperial Petroleum

Market Cap: US$175.5m

Provides seaborne transportation services worldwide.

National Atomic Company Kazatomprom JSC

Market Cap: US$7.1t

Explores for, produces, processes, markets, and sells uranium and uranium related products.

Saudi Arabian Oil

Market Cap: ر.س5.9t

Operates as an integrated energy and chemical company in the Kingdom of Saudi Arabia and internationally.

Hai Leck Holdings

Market Cap: S$123.3m

An investment holding company, provides engineering, procurement, and construction project services and maintenance services to the oil and gas, petrochemical, pharmaceutical, and utilities industries in Singapore.

CHK Oil

Market Cap: HK$356.3m

An investment holding company, engages in the exploration, exploitation, and sale of oil and natural gas in Hong Kong, the United States, and the People Republic of China.

Tong Petrotech

Market Cap: CN¥3.2b

Develops and offers perforation technology services to oilfield customers in China and internationally.

HHRG Berhad

Market Cap: RM 115.9m

An investment holding company, engages in the manufacture and trading of coconut biomass materials and value-added products in Malaysia, the United Kingdom, Japan, China, and internationally.

F8 Enterprises (Holdings) Group

Market Cap: HK$16.2m

An investment holding company, engages in the sale and transportation of diesel oil and related products in Hong Kong.

Oriental Petroleum and Minerals

Market Cap: ₱2.2b

An exploration company, engages in the oil exploration and development business in the Philippines.

Green Earth Institute

Market Cap: JP¥4.4b

Produces and sells carbon-neutral biofuels and green chemicals in Japan and internationally.

PetroChina

Market Cap: HK$1.6t

Engages in a range of petroleum related products, services, and activities in Mainland China and internationally.

Cobra Venture

Market Cap: CA$2.3m

Engages in the exploration and development of petroleum and natural gas properties in Canada.

HD Hyundai

Market Cap: ₩10.6t

Through its subsidiaries, engages in oil refining business in Korea and internationally.

Salt Investments

Market Cap: S$63.4m

An investment holding company, engages in marine and shipping activities.

Omega Oil & Gas

Market Cap: AU$153.9m

Engages in the evaluation and exploration of oil and gas in Australia.

Sea Oil

Market Cap: ฿2.0b

Engages in the retail sale of fuel and lubricant oils, and related products in Thailand and internationally.

Zeus Resources

Market Cap: AU$12.9m

Engages in the exploration of lithium, potash, and other metal resources in Australia and Morocco.

Golden Energy Mines

Market Cap: Rp52.6t

Through its subsidiaries, engages in coal mining business in Indonesia, China, India, the Philippines, South Korea, Bangladesh, Cambodia, Malaysia, Hongkong, and Vietnam.

Petrolimex Tanker

Market Cap: ₫226.4b

Together with its subsidiary, provides marine transportation services for petroleum products in Vietnam and internationally.

Greenvale Energy

Market Cap: AU$29.4m

Engages in the development and exploration of mineral properties in Australia.

AXP Energy

Market Cap: AU$8.4m

Operates as an oil and gas production and development company in the United States.

Cauldron Energy

Market Cap: AU$34.0m

Operates as a mineral exploration and resource development company in Australia.

Gagan Gases

Market Cap: ₹105.2m

Engages in the bottling and selling of LPG for commercial and industrial use in the private sector in India.

Coal India

Market Cap: ₹2.6t

Produces and sells coal and coal products in India.

Toro Energy

Market Cap: AU$37.3m

Engages in the exploration, evaluation, and development of uranium properties in Australia.

Invictus Energy

Market Cap: AU$264.6m

An independent upstream oil and gas company, engages in the exploration and appraisal of oil and gas properties in northern Zimbabwe, Africa.

Sinopec Kantons Holdings

Market Cap: HK$10.8b

An investment holding company, provides crude oil jetty services.